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Saia, Inc. (NASDAQ: SAIA) is a prominent American trucking and logistics company headquartered in Johns Creek, Georgia. The company is renowned for its extensive range of less-than-truckload (LTL), non-asset truckload, expedited, and logistics services. Saia LTL Freight operates 169 terminals across 44 states and employs over 11,000 people nationwide. The company ranks among the top 10 largest LTL carriers in the United States, managing more than 200 facilities and a fleet comprising over 6,200 tractors and 20,800 trailers.
Core Services and Operations:
- Less-Than-Truckload (LTL): Specializing in shipments ranging from 100 to 10,000 pounds, Saia offers time-definite and expedited options to meet diverse customer needs.
- Non-Asset Truckload: Providing flexible and scalable solutions for larger freight needs without owning the asset, which enhances operational efficiency and cost-effectiveness.
- Expedited Services: Ensuring timely deliveries with expedited shipping options for critical freight.
- Logistics Services: Comprehensive logistics solutions that streamline supply chain processes and improve operational performance.
Saia's commitment to safety has earned it recognition from the American Trucking Associations Safety Management Council for its outstanding safety record. This accolade underscores the company’s dedication to maintaining high safety standards, which is integral to its operations and service delivery.
Recent Achievements and Current Projects:
- Expansion in Pennsylvania with a new facility, increasing the total number of state facilities to seven, enhancing service coverage and operational capacity.
Financial Performance: Saia consistently ranks among the top-tier LTL carriers in terms of profitability. The company’s strong financial position is evidenced by its quarterly performance, with detailed comparisons available in its financial releases.
For more information on Saia, Inc., visit saia.com.
Saia, Inc. (NASDAQ: SAIA) reported significant growth in its LTL (less-than-truckload) operations for October and November 2020. In October, LTL shipments per workday rose by 3.3%, and tonnage per workday increased by 5.7%. The average weight per shipment also climbed 2.4% to 1,316 pounds. November saw further gains, with shipments up 4.4% and tonnage up 7.3%, while average weight per shipment rose 2.8% to 1,341 pounds. Despite these positive metrics, actual results may deviate due to various risk factors outlined in SEC filings.
Saia, Inc. (Nasdaq: SAIA) reported Q3 2020 financial results, showing a 2.7% revenue increase to $481.4 million and 21.7% rise in operating income to $55.2 million. Diluted EPS rose to $1.56 from $1.25 YoY. The operating ratio improved to 88.5 from 90.3. Key growth drivers included a 5.5% increase in yield and efficient operations amid challenging conditions. Total debt decreased to $120.9 million with a net debt to total capital ratio of 9.4% compared to 17.3% last year. Capital expenditures for 2020 are expected around $225 million.
Saia Inc. has opened a new, significantly larger cross-dock facility in Memphis, Tennessee, which is 60% larger than its previous terminal. The new facility features a 200-door configuration, state-of-the-art construction, and energy-efficient design, along with an eight-bay maintenance area and high-speed fueling station. The investment aims to enhance operational efficiency and accommodate future growth, reflecting Saia's commitment to its longstanding markets. This marks the third relocation in recent months, following expansions in Texas and Nevada.
Saia, Inc. (NASDAQ: SAIA) is set to release its quarterly financial results on October 29, 2020, before the market opens. The management will hold a conference call at 10:00 a.m. Eastern Time to discuss these results. Interested participants can join by dialing 800-353-6461 or 334-323-0501, using conference ID #2095005. The call will also be available via a live webcast on the company’s website. A replay can be accessed two hours post-call until November 26.
Saia operates 169 terminals across 44 states, providing a range of logistics services.
Saia subsidiary LinkEx has been recognized as a 2020 SmartWay High Performer by the EPA, highlighting its commitment to sustainable freight solutions. Only 11 logistics companies received this recognition, with less than 5% of SmartWay partners qualifying. LinkEx has been a part of the SmartWay program since 2006 and was awarded the SmartWay Excellence Award in 2018. The company focuses on reducing its environmental impact while addressing customer logistics challenges through innovative and efficient solutions.
Saia, Inc. (NASDAQ: SAIA) reported its LTL shipment and tonnage data for July and August 2020. In July, LTL shipments per workday rose by 1.5%, while tonnage per workday fell by 2.7% and the average weight per shipment dropped by 4.1%, reaching 1,267 pounds. August saw a slight decline in shipments per workday of 0.1%, but tonnage increased by 0.5%, alongside a 0.6% rise in average weight per shipment to 1,297 pounds. The company cautions that future results may vary significantly due to various risk factors detailed in their SEC filings.
Saia, Inc. (Nasdaq: SAIA) reported a 9.9% decrease in revenue for Q2 2020, totaling $418.1 million, alongside a 30.3% decrease in operating income at $35.7 million. The diluted earnings per share fell to $1.07 from $1.40 year-over-year. The company managed to adapt to the operational challenges posed by the COVID-19 pandemic, demonstrating improved shipment trends in May and June. Financial health appears stable, with total debt reducing to $160.8 million and net debt down 3.4%. However, uncertainties remain due to ongoing pandemic effects.
Saia, Inc. (NASDAQ: SAIA) will announce its quarterly financial results on July 29, 2020, before the market opens. A conference call hosted by management will follow at 10:00 a.m. Eastern Time to discuss the results. Interested participants can join by calling 800-367-2403 or 334-777-6978, with conference ID #1964358. The call will also be available via a live webcast on their website. A replay will be offered starting two hours after the call until August 26, 2020. Saia operates 169 terminals in 44 states, providing LTL, non-asset truckload, expedited, and logistics services.
Saia, Inc. (NASDAQ: SAIA) reported LTL shipment and tonnage data for April and May 2020, revealing significant declines. In April, LTL shipments per workday dropped by 16.2%, and tonnage per workday fell 12.9%. The average weight per shipment increased by 4.0% to 1,335 pounds. In May, shipments and tonnage further declined by 9.2% and 8.8% respectively, while weight per shipment marginally increased by 0.4% to 1,292 pounds. The company cautioned that actual results may differ due to various risk factors.
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